Saputo Inc. and/or its subsidiaries or other entities under its direct or indirect control (individually or collectively designated herein as "Saputo" or "we") take pleasure in placing the present website (including all webpages therein, the "Site") at your disposal for your personal, non-commercial use. By using this Site or downloading its content, you indicate your consent to being bound by all the terms and conditions of use (the "Terms of Use") described below. We may change the Terms of Use at any time, at our sole discretion, by posting revisions to the Site, and your continued use of the Site indicates your agreement to the Terms of Use as they may be modified, changed or amended. Accordingly, we urge you to review the Terms of Use, and if you do not agree to the Terms of Use or any revisions thereto, please exit the Site immediately.

Permitted Use

You agree that you are only authorized to visit and view the Site for your own personal, lawful, non-commercial use. You agree that you shall not reproduce, duplicate, download, sell, resell, publish, modify or otherwise distribute the material on the Site for any purpose without the express prior written consent of Saputo. You agree not to interrupt or attempt to interrupt the operation of the Site. You must not: damage, disable, overburden, or impair the Site; use any unauthorized means to modify, reroute, or gain access to the Site or attempt to carry out these activities. You may not use any automated tool to mine the Site for information or to fill out any form on the Site.You also agree not to deep-link to the Site for any purpose, unless specifically authorized by us to do so.

Limited License

You are granted a limited, non-exclusive, revocable and non-transferable license to utilize, access and retain a copy of pages of the Site pursuant to the requirements and restrictions of these Terms of Use. Saputo may change, suspend, or discontinue any aspect of the Site at any time. Saputo may also, without notice or liability, impose limits on certain features and services or restrict your access to all or portions of the Site.

Violation of the Terms of Use

You understand and agree that in Saputo’s sole discretion, and without prior notice, Saputo may block your access to the Site, or exercise any other remedy available, if Saputo believes that your use of the Site has violated or is inconsistent with these Terms of Use, or violates the rights of Saputo, or any third party, or violates any applicable law, or you have otherwise engaged in any activity that we deem unlawful, offensive, abusive, harmful or malicious. You agree that monetary damages may not provide a sufficient remedy to Saputo for violations of these Terms of Use and you consent to injunctive or other equitable relief for such violations.

Copyright Policy

We may, at any time and without notice to you, terminate the privileges of any user who uses the Site to unlawfully transmit copyrighted material without a license, express consent, valid defense, fair dealing exemption or fair use exemption to do so.

Representations By You

By visiting the Site, you represent, warrant and covenant that all materials of any kind submitted by you through the Site or for inclusion on the Site will not plagiarize, violate or infringe upon the rights of any third party including trade secret, copyright, moral right, trademark, trade dress, privacy, patent, or other personal or proprietary rights.

You also represent and warrant that: (i) you will not select or utilize a user name of another person with intent to impersonate that person; (ii) you will not select or utilize a user name to which another person has rights, if you do not have that person's authorization to use such name; and (iii) you will not select or utilize a user name that Saputo in its sole discretion deems offensive.

Applicable to U.S. Residents Only: By visiting the Site, you also represent, warrant and covenant that you are at least 13 years old, as the Site is not intended for children under 13. If you are under 13 years of age, then you are not authorized to use or view the Site.

Our Intellectual Property

This Site is owned and operated by Saputo. This Site contains several trademarks, names, packaging designs, copyrights and other forms of intellectual property of great value to Saputo, the ownership and use of which are the exclusive property of Saputo (the "Saputo Intellectual Property"). You acknowledge that all content and materials available on this Site, including the Saputo Intellectual Property (the "Site Content"), are protected by national and international copyrights, trademarks, service marks, patents, trade secrets, know-how or other proprietary rights and laws, all of which are owned by Saputo or our licensors.

Saputo or our licensors retain all rights to the Site Content. Unless otherwise expressly indicated, no one has permission to, in any form, sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit or create derivative works from (collectively, "Republish"), any Site Content. No Site Material or any material from any website owned, operated, licensed or controlled by Saputo may be Republished for any purpose without the express prior written consent of Saputo.

Systematic retrieval of data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database or directory without Saputo’s express written permission is prohibited.

You are not permitted to use the trademarks displayed on the Site without the prior written consent of Saputo or the third party that may own the trademarks.

Accuracy and Completeness

Saputo endeavors to provide current and accurate information and material on this Site. However, errors, inaccuracies, misprints, omissions or other errors may occur and Saputo reserves its right to correct same and to change or update information and material at any time without prior notice. Saputo does not warrant that the information and material available on this Site is accurate, reliable, complete or current. The information and material available on this Site, including all stock price information, is for general information only and is not to be relied upon for any trading, business or financial purpose.

DISCLAIMER

YOUR USE OF THIS SITE AND SITE MATERIAL IS ENTIRELY AT YOUR OWN RISK.

SAPUTO TAKES REASONABLE STEPS TO PROTECT INFORMATION FROM UNAUTHORIZED ACCESS, COLLECTION, USE, DISCLOSURE, COPYING, MODIFICATION OR DISPOSAL IN A MANNER COMMENSURATE WITH ITS SENSITIVITY, VALUE AND CRITICALITY. YOU EXPRESSLY AGREE THAT ALL SITE CONTENT IS PROVIDED "AS IS" AND "AS AVAILABLE" FOR YOUR USE. THE SITE CONTENT IS PROVIDED WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE, NON-INFRINGEMENT OR IMPLIED WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, OR THE WARRANTIES STATED IN THE CIVIL CODE OF QUEBEC OR OTHERWISE, OTHER THAN THOSE WARRANTIES WHICH ARE INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER APPLICABLE LAW. NEITHER SAPUTO OR ITS AFFILIATED COMPANIES, NOR OUR LICENSORS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES AND OTHER REPRESENTATIVES MAKE ANY WARRANTY THAT THE SITE WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION; THAT THE SITE DOES NOT INCLUDE ANY DEFECTS OR ERRORS AND THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; THAT THE SITE CONTENT IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR THAT YOU WILL ACHIEVE SUCCESSFUL RESULTS FROM FOLLOWING ANY INSTRUCTIONS, DIRECTIONS OR RECOMMENDATIONS ON THE SITE.

SOME JURISDICTIONS MAY NOT ALLOW THE DISCLAIMER OF IMPLIED WARRANTIES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

IF YOU ARE A RESIDENT OF A JURISDICTION THAT REQUIRES A SPECIFIC STATEMENT REGARDING RELEASE THEN THE FOLLOWING APPLIES. FOR EXAMPLE, CALIFORNIA RESIDENTS MUST, AS A CONDITION OF THE TERMS OF USE, WAIVE THE APPLICABILITY OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH STATES, “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” YOU HEREBY WAIVE THIS SECTION OF THE CALIFORNIA CIVIL CODE AND ANY SIMILAR PROVISION IN LAW, REGULATION, OR CODE THAT HAS THE SAME INTENT OR EFFECT AS THE AFOREMENTIONED RELEASE.

LIMITATION OF LIABILITY

UNDER NO CIRCUMSTANCES SHALL SAPUTO, OUR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES, OUR LICENSORS, OR ANY OTHER PARTY INVOLVED IN CREATING, PRODUCING OR DELIVERING THIS SITE BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES THAT RESULT FROM THE USE OF, OR INABILITY TO USE, THE SITE OR FROM ANY ERRORS OR INFORMATION PROVIDED OR OMITTED ON THE SITE. THIS LIMITATION APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, EXTRA CONTRACTUAL OR ANY OTHER BASIS, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. BECAUSE SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, OUR LIABILITY IN SUCH JURISDICTIONS SHALL BE LIMITED TO THE EXTENT PERMITTED BY LAW.

YOU AGREE THAT THE ABOVE LIMITATIONS OF LIABILITY TOGETHER WITH THE OTHER PROVISIONS IN THE TERMS OF USE THAT LIMIT LIABILITY ARE ESSENTIAL AND THAT SAPUTO WOULD NOT BE WILLING TO GRANT YOU THE RIGHTS SET FORTH IN THE TERMS OF USE BUT FOR SUCH LIMITATIONS OF LIABILITY; YOU ARE AGREEING TO THESE LIMITATIONS OF LIABILITY TO INDUCE SAPUTO TO GRANT YOU THE RIGHTS SET FORTH IN THE TERMS OF USE.

SOME JURISDICTIONS DO NOT ALLOW LIMITATIONS OF LIABILITY, SO THIS LIMITATION OF LIABILITY MAY NOT APPLY TO YOU.

Indemnification

You agree to defend, indemnify, and hold harmless Saputo and our employees, agents, representatives, officers and directors (each, an “Indemnitee”) from and against all liabilities, claims and expenses, including attorney's fees, that arise from your use or misuse of the Site or Site Content or your violation of the Terms of Use. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with us in asserting any available defenses. You are not permitted to settle, or consent to any entry of judgment in, any asserted claim or action that would entitle an Indemnitee to indemnification without Saputo’s written consent.

Forward-Looking Statements

This Site and Site Content may contain or make reference to forward-looking statements within the meaning of securities laws. These statements are based, among other things, on our assumptions, expectations, estimates, objectives, plans and intentions as of a specific date regarding projected revenues and expenses, the economic, industry, competitive and regulatory environments in which we operate or which could affect our activities, our ability to attract and retain customers and consumers, as well as the availability and cost of milk and other raw materials and energy supplies, its operating costs and the pricing of its finished products on the various markets in which we carry on business. These forward-looking statements include, among others, statements with respect to Saputo's short and medium term objectives, outlook, business projects and strategies to achieve those objectives, as well as statements with respect to Saputo's beliefs, plans, objectives and expectations. The words "may", "should", "will", "would", "believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee", "objective", "continue", "propose" or "target", or the negative of these terms or variations of them, the use of conditional or future tense or words and expressions of similar nature, are intended to identify forward-looking statements. By their nature, forward‑looking statements are subject to a number of inherent risks and uncertainties. Actual results could differ materially from the conclusion, forecast or projection stated in such forward-looking statements. As a result, we cannot guarantee that any forward-looking statements will materialize. Assumptions, expectations and estimates made in the preparation of forward-looking statements and risks that could cause our actual results to differ materially from our expectations are discussed in Saputo's materials filed with the Canadian securities regulatory authorities from time to time and available on SEDAR at www.sedar.com. Except as required under applicable securities legislation, we do not undertake to update or revise these forward-looking statements, whether written or verbal, that may be made from time to time by us or on our behalf, whether as a result of new information, future events or otherwise.

Investment Decisions

Neither the information nor the material contained in the pages of this Site constitutes an offer or solicitation of securities in any jurisdiction. This information and material is in no way intended to be interpreted, amended, modified or completed with the help of information otherwise available on this Site or through the medium of this Site. This information and material is regularly made available solely as a service, and is not an official version of documentary material published by Saputo under the terms of applicable securities legislation. Owing to the risks inherent in the Internet, at the technical level as well as in the matter of security, and because the document you access may differ from the original depending on your navigation software, the information found in these pages must not be used with the aim of making investment decisions relative to Saputo securities. To obtain printed copies of documents you wish to consult, please get in touch with Saputo’s Communications Department at 514.328.6662 or visit the SEDAR website at www.sedar.com. If you foresee the possibility of buying or selling securities in Saputo, we suggest you contact your investment advisor.

Links to Other Websites

The Site contains links to sites operated by third parties throughout the Internet. Saputo has no control over these sites or the content within them. Your linking to any sites from this Site is wholly at your own risk. Saputo does not guarantee, represent or warrant that the content contained in any third party sites is accurate, legal and/or inoffensive. Saputo is not responsible for and does not endorse or make any representation or warranty about materials, information, goods or services available through these sites, or any privacy or practices of such sites, including any representation that they will not contain viruses or otherwise impact your computer. By using the Site to search for or link to another site, you agree and covenant that you may not make any claim against Saputo for any damages or losses, whatsoever, resulting from your use of the Site to obtain search results or to link to another site.

Confidential or Exclusive Information

Saputo appreciates your interest and invites you to forward your comments and suggestions on this Site and our products. On the other hand, Saputo does not solicit and does not wish to receive any confidential or proprietary ideas, suggestions, materials or other information relating to developing, designing, redesigning, modifying, manufacturing or marketing our products or any new products.

Saputo does not accept unsolicited ideas for new products, packaging, marketing, advertising, research, business operations and the like. If you send to Saputo any information, including but not limited to feedback, data, questions, comments, suggestions, or the like, such information you send to us will be treated as non-confidential and non-proprietary and may be disseminated or used by us for any purpose, including, but not limited to, developing, creating, manufacturing or marketing products or services. Should you choose to submit an idea or information to Saputo, you agree that such information or material becomes and remains the sole and exclusive property of Saputo without further liability or compensation to you. All such submissions shall be deemed the property of Saputo, and your submission of idea or information shall constitute an irrevocable assignment to Saputo of all worldwide rights, title, and interests in all languages and in perpetuity in such idea or information to use and exploit all or any part of the idea or information provided by you at our sole discretion by any method now existing or later developed. By submitting information, you agree that Saputo has an unlimited and irrevocable right to publish such information, to use it as part of our commercial operations, and to incorporate its concepts in Saputo’s products without liability or compensation to you.

Jurisdictional Issues

Unless otherwise specified, the information and material on this Site is presented solely for the purpose of promoting Saputo’s products. Saputo makes no representation that information or material depicted on the Site is appropriate or available in all locations.

This agreement shall be governed by and construed in accordance with the laws of the province of Québec without giving effect to any principles of conflicts of law. You expressly agree that the exclusive jurisdiction for any claim or action arising out of or relating to these Terms of Use or your use of the Site shall be filed only in the provincial or federal courts located in the province of Québec, and you further agree and submit to the exercise of personal jurisdiction of such courts for the purpose of litigating any such claim or action.

By choosing to access the Site from any location other than Canada or the United States, you accept full responsibility for compliance with all local laws that are applicable. Saputo makes no representation that the information and material on the Site is appropriate or available for use in locations outside Canada or the United States, and accessing it from territories where their contents is illegal is prohibited. You may not use any information or material from this Site in violation of any applicable laws or regulations.

Privacy Policy

By using this Site, you agree to be bound by Saputo's Privacy Policy.

Miscellaneous

If any provision of these Terms of Use should prove to be unlawful, void, or for any reason unenforceable, that provision shall be deemed severable from this agreement and shall not affect the validity and enforceability of any remaining provisions. Saputo's failure to insist upon or enforce strict performance of any provision of these Terms of Use shall not be construed as a waiver of any right on its part. These Terms of Use constitute the entire agreement between the parties relating to the subject matter herein, supersede all prior or contemporaneous communications and proposals between you and Saputo with respect to the Site, and shall not be modified except in writing. Section titles in the Terms of Use are for convenience and do not define, limit, or extend any provision of the Terms of Use.

Effective Date; Modification of Terms of Use

These Terms of Use are effective as of October 10, 2016. Saputo reserves the right to change these Terms of Use at any time by updating this posting, with the modified Terms of Use taking effect on the date of posting. Your continued use of the Site after such modifications will constitute your: (a) acknowledgment of the modified Terms of Use; and (b) agreement to abide and be bound by the modified Terms of Use.

Contact Us

If you have any questions about these Terms of Use or our practices related to this Site, you can contact us by e-mail at saputo@saputo.com. Please provide a sufficiently detailed question or description of your concern. If you have requested to be on a mailing list and you wish to cancel that request, you can communicate with Saputo’s Communications Department by e-mail at saputo@saputo.com or, if it’s an e-mail mailing list, by clicking "unsubscribe" at the bottom of the e-mail.

†No purchase necessary. Contest open to residents of Canada who have reached the age of majority in their province of residence at the time of entry. Contest ends on December 30, 2017 at 23:59:59 ET. To enter, visit www.saputohappyholidays.com or www.joyeusesfetes.ca and complete all required information on the entry form and click on “submit” for one (1) entry. Six (6) grand prizes and forty-two (42) daily prizes to be won. Each grand prize consists of one (1) CAD $1,000 Visa® gift card. Each daily prize consists of CAD $50 worth of free product coupons. Odds of winning a grand prize depend on the number of eligible entries received during each eligible entry period. Odds of winning a daily prize depend on the number of eligible entries received during each day preceding daily draw. Correct answer to a math skill-testing question required. Limit of one entry per person per day during the contest period. Details and official contest rules will be available at www.saputohappyholidays.com and www.joyeusesfetes.ca. Winners’ names will be available January 15, 2018 at www.saputohappyholidays.com and www.joyeusesfetes.ca. SAPUTO is a registered trademark owned by Saputo Dairy Products Canada G.P.